ballhawker

$SPY Monthly Chart with MACD Crossovers Says "Risk Off"

AMEX:SPY   SPDR S&P 500 ETF TRUST
MACD crossovers on the monthly chart have been a reliable indicator of impending trend change (long term). A downward crossover happened last month, indicating that the odds of a correction have increased. For me, it means "Risk Off" until I see an upward crossover. Until that happens, I will be in cash. Consistently using this long term indicator would increase returns beyond simple buy and hold.
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